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Barclays ups Philippines growth estimates

Asia News Network - Monday 20th May, 2013

Barclays has raised its 2013 growth forecast for the Philippines as it expects the economy to post one of the fastest growth rates among emerging markets in Asia. In one of its latest reports, Barclays said the Philippines was now seen to grow by 6.2 per cent this year and 6.3 per cent in 2014. The international financial services firm earlier projected that the Philippine economy would grow ...
Manila Taipei agree on cooperative probe

Asia News Network - Monday 20th May, 2013

The Philippines and Taiwan on Monday agreed on a cooperative investigation into the fatal shooting of a Taiwanese fisherman by Filipino Coast Guards, which had led to fresh cross-channel tensions and harassment of Filipino workers in Taiwan. Justice Secretary Leila de Lima told reporters that the cooperation, agreed on during a meeting between National Bureau of Investigation officials and ...
Philippine high school senior has 41 names

Middle East Times - Monday 20th May, 2013

A high school senior in the Philippines is drawing attention for his unusual name, which includes 40 first names and a surname. The latest senior to enroll at Urdaneta City National High School in Pangasinan is a 15-year-old student named Ratziel Timshel Ismail Zerubbabel Zabud Zimry Pike Blavatsky Philo Judaeus Polidorus Isurenus Morya Nylghara Rakoczy Kuthumi Krishnamurti Ashram Jerram Akasha ...

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Saudi Arabia inks pact to protect Philippine maids

The China Post - Monday 20th May, 2013

MANILA--The Philippines said Monday it had signed a historic agreement with Saudi Arabia that would protect thousands of Filipina maids from being exploited in the Middle Eastern ...
Philippines Taiwan to cooperate in fisherman shooting investigation

The China Post - Monday 20th May, 2013

MANILA -- The Philippines said Monday that it would make "coordinated efforts" with Taiwan to look into the fatal shooting of a Taiwanese fisherman but stopped short of a joint ...
Philippines OKs parallel probe with Taiwan

ABS-CBN News - Monday 20th May, 2013

The Philippines agrees to hold parallel investigations with Taiwan on the killing of a Taiwanese fisherman near Batanes. Both sides are now cooperating with each other, but the Justice Department clarifies that Taiwan will not interfere with the Philippine probe. - The World Tonight, ANC, May 20, 2013 For more on ANC's The World Tonight, go ...
Manila may evacuate its workers based in Taiwan

Global Times - Monday 20th May, 2013

The Philippines is ready to evacuate Filipinos working in Taiwan in case tensions further escalate between Taipei and Manila, according to media reports Monday.Amadeo Perez, chairman of the Manila Economic and Cultural Office (MECO) that handles affairs related to Taiwan, said a task force has been created to address the killing of a Taiwanese fisherman two weeks ago by the Philippine coast ...

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Philippines Focus

Philippines seeing development in new property segment

Potential first-time home owners and start-up entrepreneurs can now take advantage of a one-of-a-kind SOHO residential unit in 8 Adriatico, according to press material recently released to the Philippines news media by Eton Properties Philippines Inc, a major realty firm run by property tycoon Lucio Tan.

Eton Properties is constructing a number of residential developments in the capital city, all of which are primarily targeted at the country’s first time home owners, a target market that is reflected in the name of their subsidiary handling the construction and sale of one new development, First Homes Inc. Read more

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Manila boosts military by US$1.8 bil. to resist bullies

The China Post - Tuesday 21st May, 2013

MANILA -- Philippine President Benigno Aquino on Tuesday announced a US$1.8 billion military upgrade to help defend his country's maritime territory against "bullies," amid an ever-worsening dispute with ...
Philippines approves three new wind farms

MENAFN - Tuesday 21st May, 2013

(MENAFN - Arab News) The Philippines has approved three wind farm projects that will generate 208 megawatts, enough to power more than 40,000 middle-class homes, an energy official said. The wind projects will be the first to benefit from an incentive scheme which aims to ensure half the country's energy comes from renewable sources by 2030, compared with about 39 percent currently, the ...
Philippines says to finish probe on shooting Taiwan fishermen soon

Global Times - Tuesday 21st May, 2013

The Philippine National Bureau of Investigations (NBI) is close to finishing its investigations on a Taiwan fisherman shot dead by Philippine coast guards, Philippine President Benigno Aquino III said Tuesday.Except for the physical examination of the fishing vessel, the NBI has already completed its probe on the case, said Aquino in a chance interview after the 115th anniversary celebration of ...
Global fund increases stake in Manila Water

Inquirer Business - Tuesday 21st May, 2013

The Singapore-based unit of global fund manager Aberdeen Asset Management plc has increased its stake in Ayala-led Manila Water Co. Inc. to a little more than 5 percent, part of a continuing trend of local corporations drawing foreign money amid buoyant economic conditions. A Philippine Stock Exchange disclosure Tuesday showed that Aberdeen Asset Management Asia Ltd. has accumulated a total of ...

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Massive tornado rips through Oklahoma killing dozens

Philippines News.Net - Tuesday 21st May, 2013

WASHINGTON - A massive tornado ripped through parts of Oklahoma city and its suburbs in the United States killing at least 24 people, including nine children, besides leaving scores homeless. As winds at over 320 kilometers per hour (kmph) flattened homes and businesses and severely damaged a hospital and two elementary school, the death toll was earlier said to be more than 90 but it was ...
Thein Sein praised for reforms in Myanmar but urged to end violence against Muslims

Philippines News.Net - Tuesday 21st May, 2013

WASHINGTON - US President Barack Obama praised the reforms of Myanmar leader Thein Sein but urged him to end violence against Muslims. Sein is the country's first president to visit the White House in almost half a century. Speaking from the US capital Monday Obama said he recognized Sein's work to guide Myanmar down "a long and sometimes difficult, but ultimately correct, path to ...
Roadside bombing kills six Afghan policemen in Herat

Philippines News.Net - Tuesday 21st May, 2013

KABUL, Afghanistan - At least six Afghan policemen guarding a strategically important dam were killed in a roadside bombing Tuesday in the war-torn country's western province of Herat, officials said. They said that suspected Taliban insurgents triggered the explosion when a police patrol vehicle heading to Herat city was travelling in the Chashti Shareef district of the province. "There ...

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Barroro voices concern over estimated one trillion euro tax evasion

Philippines News.Net - Tuesday 21st May, 2013

BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...
German central bank sees signals of economic pick up in Q2

Philippines News.Net - Tuesday 21st May, 2013

FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...
HNL cancer drug trial discontinued by Pfizer

Philippines News.Net - Tuesday 21st May, 2013

NEW YORK - Pharma major Pfizer has discontinued the development of cancer candidate inotuzumab ozogamicin, which is part of a class of therapies called antibody-drug conjugates (ADCs), in the haematological cancer non-Hodgkin lymphoma after it failed to show benefit in overall survival during phase III trials. Pfizer has notified the study investigators and appropriate regulatory authorities ...
Merger pact by GrubHub and Seamless to stave off rivals

Philippines News.Net - Tuesday 21st May, 2013

WASHINGTON - GrubHub Inc. and Seamless North America LLC, two of the biggest online services for food-delivery in the U.S., have entered into a definitive agreement to combine their companies to take on rivals in the growing market for online meal orders. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry ...